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simply because the president believes his election means people voted for higher taxes for the wealthy. and the republicans believe they are off the hook because they took the grover norquist no new tax pledge. in that scenario, rising above, my pin means absolutely nothing. rise above what? the oath you gave to your voters? to these hardened partisans to rise above means rising above compromise. compromise is bad. right? i mean they think compromise is bad. they want to rise above it. they think it's a higher ground than not compromise. what's amazing to me is that when congress came up with this ridiculous cliff idea, there were legislators who believed that if these draconian changes were to become law, it would be so obvious we would be thrown into recession that it wouldn't happen. that fact was supposed to create compromise, instead, neither side seems at all fearful for recession. it's amazing how bold they are or maybe how stupid they are and to the gop, obama's re-election clearly meant nothing at all. it's almost as if neither side realizes how many people are simply just pla
simply because the president believes his election means people voted for higher taxes for the wealthy. and the republicans believe they are off the hook because they took the grover norquist no new tax pledge. in that scenario, rising above, my pin means absolutely nothing. rise above what? the oath you gave to your voters? to these hardened partisans to rise above means rising above compromise. compromise is bad. right? i mean they think compromise is bad. they want to rise above it. they...
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he was somewhat -- he was somewhat accommodating right after the re-election. he's become harder line. i agree with that point. doug, you know the numbers. once again, i ask you, does boehner's idea of capping upper end deductions work to raise revenues, heaven forbid without damaging the middle class? does it work? >> yes, absolutely it works, and, you know, it's important to recognize we have two different problems. problem number one is the fiscal cliff and threat of recession. raising any more taxes doesn't make any sense. this is politics trumping economic sense. second problem is fixing the debt and there's this debate about how much revenue, how much spending. balance means heavy on spending lighter on taxes and bowles-simpson told us the route to do that is tax reform. >> much more fun by the way to have 4% or 5% growth than to equitable about 1% or 2% growth. thank you gentlemen. we appreciate it. now to another controversy. are minorities especially latinos a lost cause for republicans and conservative principles? i say no, but our next guest star par
he was somewhat -- he was somewhat accommodating right after the re-election. he's become harder line. i agree with that point. doug, you know the numbers. once again, i ask you, does boehner's idea of capping upper end deductions work to raise revenues, heaven forbid without damaging the middle class? does it work? >> yes, absolutely it works, and, you know, it's important to recognize we have two different problems. problem number one is the fiscal cliff and threat of recession. raising...
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you won the election, mr. obama. we'll get the middle class tax cuts. we'll get the upper class tax hikes. get the capital gain and the dividends and the estates. you can only tax hike. that's what senator rand paul said last night. i'm starting to think that's the only way out. otherwise we're going into january, february,march and whatever. >> i think that's the best solution. it's a great chess move. let them do whatever they want and let's test the results. let's see what happens when you do it. then the mid-term elections will roll around and they'll be in great shape. the republicans will get voted in. another plan. you got spending up here, revenue down here. we got to narrow that gachlt they should make it clear to the democrats, pick any number of revenue increase you want. remember the spending cuts number has to be greater. let's see them live with that. >> that's the thing, mark. just to follow up on that. such an important point. everyone is obsessed with the taxes. taxes are very important. no one is talking about spending cuts. no one is
you won the election, mr. obama. we'll get the middle class tax cuts. we'll get the upper class tax hikes. get the capital gain and the dividends and the estates. you can only tax hike. that's what senator rand paul said last night. i'm starting to think that's the only way out. otherwise we're going into january, february,march and whatever. >> i think that's the best solution. it's a great chess move. let them do whatever they want and let's test the results. let's see what happens when...
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in italy, you do have elections coming up. there's a chance getting a higher share than people anticipate. but even then, the financial forces are going to force any government that comes into power to more or less stick to the plan morsi set out. on the other hand, there's always spain, the worries that with 25% unemployment, that you would see the default rate particularly on residential mortgages shoot up, it's 3% now, which is pretty amazing given the struggles within the economy, but we think it will go up somewhat, but really not any more than people have already priced in. >> and then ten year yields, 5.24%. at the moment, relatively speaking, pretty comfortable. >> maybe a little bit too comfortable and we certainly don't want to get complace complacent.yields are where they were say in march of this year and then subsequently they shot up to 7.5%. we know with the draghi put that that won't happen, but we don't want to think that there is only one way -- >> yesterday said, look, sort of the idea of the risk on phrase,
in italy, you do have elections coming up. there's a chance getting a higher share than people anticipate. but even then, the financial forces are going to force any government that comes into power to more or less stick to the plan morsi set out. on the other hand, there's always spain, the worries that with 25% unemployment, that you would see the default rate particularly on residential mortgages shoot up, it's 3% now, which is pretty amazing given the struggles within the economy, but we...
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andrea merkel has to get elected in the second half of next year. that's going to make it difficult for any pro-growth solutions to appear in europe. i think, frankly, i'm not that confident that the market hasn't already positively priced in a fiscal cliff resolution. i think the first half is like a bungee jump. >> so dan, cut through all of that, right. if we could put aside trying to forecast where the s&p is going to be, where the dow is going to be, regardless of where the markets in general are going to be, i believe you have stock picks for us. name what they are and will they be able to perform regardless of the macro environment? >> all right. we are focused on. companies that can grow regardless of what happens in the economy. three stocks we like, one is denbury resources. what's interesting about them is they have hedged their forward sales of oil so the lowest they're going to receive is $80 next year. at those rates, they're going to be a very profitable company. it's a very inexpensive stock. we like that. it's a u.s. oil producer as
andrea merkel has to get elected in the second half of next year. that's going to make it difficult for any pro-growth solutions to appear in europe. i think, frankly, i'm not that confident that the market hasn't already positively priced in a fiscal cliff resolution. i think the first half is like a bungee jump. >> so dan, cut through all of that, right. if we could put aside trying to forecast where the s&p is going to be, where the dow is going to be, regardless of where the...
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. >>> these right, tie less, the gop sending a big message, hey, blue states, you re-elected the president. you pay the bills. how they want to raise money and why your mortgage interest deduction may be at risk. >>> bill gross says this may not even matter. we still have way too much debt. bill cross is here with some investable ideas for you. >>> plus, extreme hoarding, dividend edition and we unveil the one sector of the stock market that nearly everybody agrees is a must own, man kim. >> hi there, brian. hello, everybody. get another slow day for the market, stocks moving between gains and losses. bob, i don't want to begin with the macromarkets. i want to begin with the retailers. yesterday, the s & p retail index hit a record high. today, not so much. >> i think that is a sign of a little bit bit of concern going on. show what you has been going on. a lot of the big retailers are weak today. comment specifically on gap but noted, for example that kohl's had very high inventory levels and a concern that might make the season more promotional and specifically affect gap. see it down 7%
. >>> these right, tie less, the gop sending a big message, hey, blue states, you re-elected the president. you pay the bills. how they want to raise money and why your mortgage interest deduction may be at risk. >>> bill gross says this may not even matter. we still have way too much debt. bill cross is here with some investable ideas for you. >>> plus, extreme hoarding, dividend edition and we unveil the one sector of the stock market that nearly everybody agrees is...
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they have an election every two years and they got elected again and they've got constituents that sent them there for a reason. and then you've got the president would is just -- you know, just being hammered by the left on not caving this time around because he got so much grief the last time. this is setting up for us to go over the cliff, isn't it? what do you think? do we go over it or not? >> yeah, it is very difficult. and i feel bad for john boehner. he's in a difficult situation. i did want to remind john that he should look at the young, newer members that are so difficult to persuade to make an easy deal compromise. and remember, it wasn't too many years ago, john, that was you and me and we were driving bob michael and president bush nuts when the democrats were offering them, give us the tax increases now, we'll give you the spending cuts later and we were saying, oh, no, they'll never keep their word on the spending cuts. they'll tax the tax increases. quite frankly, the speaker has a difficult role to play here. he's seen by so many people as the principal guardian of our
they have an election every two years and they got elected again and they've got constituents that sent them there for a reason. and then you've got the president would is just -- you know, just being hammered by the left on not caving this time around because he got so much grief the last time. this is setting up for us to go over the cliff, isn't it? what do you think? do we go over it or not? >> yeah, it is very difficult. and i feel bad for john boehner. he's in a difficult situation....
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. >> i was so hopeful, i wasn't obviously thrilled with the election results, but i actually thought that result might be the result we needed to get thefshs done. >> in a way you you have the situation where -- >> you extend 98 but not the 2? believing that story is so -- >> either raise them on everyone or raise them on -- either it will hurt the economy if you raise taxes or it's not. on 98 it won't hurt, on 2 it will -- >> we'll have more on this argument. in the meantime, let's talk about some of the other headlines. financial firms are gathering for the goldman sachs financial services contractors. a key presenter is brian money tha moynihan. we talked about his reports of planned fee increases. plus there was the issue of president obama's likely pick to follow tim geithner at treasury. we talked about how buffett threw out jamie dimon's name. here is what moynihan thinks about that idea. >> i won't give individual names, but i think what warren is expressing a view which i agree with is that we need to have very bright, very talented and very broad experienced people help pus
. >> i was so hopeful, i wasn't obviously thrilled with the election results, but i actually thought that result might be the result we needed to get thefshs done. >> in a way you you have the situation where -- >> you extend 98 but not the 2? believing that story is so -- >> either raise them on everyone or raise them on -- either it will hurt the economy if you raise taxes or it's not. on 98 it won't hurt, on 2 it will -- >> we'll have more on this argument. in...
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two days after the election, boehner came up with a tax revenue plan. very controversial in his party. he said, let's cap deductions and loopholes and leave the race alone because that help growth. that was $800 billion. it shocked a lot of republicans. and he got nothing. he got, you know, nothing from obama. and i think that started the bad blood. and i think the president -- >> good point. they both got to learn the art of negotiation. >> we haven't heard from democrats in the senate. i'm going to guarantee you that the democrats in the senate are going to be split on this business of who's rich and what the right tax rates are going to be. >> i have to leave it there, chaps. nick, larry, thank you both much, indeed. >>> coming up next, kerry kennedy joins me about fame, politics and most important of all, taylor swift. like a lot of things, trying to find a better job can be frustrating. so at university of phoenix we're working with a growing list of almost two thousand corporate partners - companies like microsoft, american red cross and adobe - t
two days after the election, boehner came up with a tax revenue plan. very controversial in his party. he said, let's cap deductions and loopholes and leave the race alone because that help growth. that was $800 billion. it shocked a lot of republicans. and he got nothing. he got, you know, nothing from obama. and i think that started the bad blood. and i think the president -- >> good point. they both got to learn the art of negotiation. >> we haven't heard from democrats in the...
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he just won this election. it's not like the debt ceiling debacle in 2011 went over well with the american public. the american public was disgusted by it, it was brinks manship that people did not like to see, in a recession, they thought it endangered the economy, republicans also know that if you look at the polls and they look at the polls, that the public would blame them if we go over the fiscal cliff by a 2 to 1 margin. so i would say that right now, and i think even republicans would stipulate this, wolf. the president has the leverage here, i mean, republicans also know that if they were to go over the cliff that the tax cuts on the wealthy would increase. you could come back and undue the tax cuts on the middle class expiring. but the president's in a pretty good bargaining position here, which is why you see him sort of hold firm. >> what leverage do the republicans have? >> well, look, i think it -- they understand that for some liberals going over the cliff is okay, because liberals say, you know w
he just won this election. it's not like the debt ceiling debacle in 2011 went over well with the american public. the american public was disgusted by it, it was brinks manship that people did not like to see, in a recession, they thought it endangered the economy, republicans also know that if you look at the polls and they look at the polls, that the public would blame them if we go over the fiscal cliff by a 2 to 1 margin. so i would say that right now, and i think even republicans would...
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it's unlikely that in a formal election they're going to elect a democrat from south carolina to come to washington. hasn't happened in a while. my sense is that republicans will hold that seat eventually and whatever happens with jim demint. i was surprised that he decided to make that decision. we invited him to come on our show today and explain what's going on. i'm sure he's frustrated like a lot of conservatives are that president obama was re-elected for another four years and he worked hard to try to help romney get elected, help republicans and it's a source of frustration. a different challenge for him running a major think tank in washington and let's see w he does. >> for the time being it doesn't change the balance of power as the republicans aren't in control of the senate. >> there's a republican governor in south carolina and so she'll name someone in the short-term. i assume that's how it will work. once there's another election, i assume a republican will fill that seat. >> and i know you'll have much more on the fiscal cliff and any developments that hopefully we'll
it's unlikely that in a formal election they're going to elect a democrat from south carolina to come to washington. hasn't happened in a while. my sense is that republicans will hold that seat eventually and whatever happens with jim demint. i was surprised that he decided to make that decision. we invited him to come on our show today and explain what's going on. i'm sure he's frustrated like a lot of conservatives are that president obama was re-elected for another four years and he worked...
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boy, i wish he'd gone to costco and boxing fights before the election. think it could have been helpful. >> freight conversation. thank you. i'll see you back next weekend if not sooner. have a great rest of your weekend. >> thanks, you too. >>> the syrian civil war is raging from one neighborhood to the next. shortages have families caught in the middle of the conflict, desperate for staples like food and water. we'll give you an exclusive look from inside syria. let's say you want to get ahead in your career. how do you get from here... to here? at university of phoenix we're moving career planning forward so you can start figuring that out sooner. ln fact, by thinking about where want your education to lead, while you're still in school, you might find the best route... leads somewhere you weren't even looking. let's get to work. you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. th
boy, i wish he'd gone to costco and boxing fights before the election. think it could have been helpful. >> freight conversation. thank you. i'll see you back next weekend if not sooner. have a great rest of your weekend. >> thanks, you too. >>> the syrian civil war is raging from one neighborhood to the next. shortages have families caught in the middle of the conflict, desperate for staples like food and water. we'll give you an exclusive look from inside syria. let's say...
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you understand there was a huge gender gap for democrats in this last elections. republicans have to look at that and say, okay, we have to get something done. but let me add this. when peter hart actually laid out on the table here are the choices you have to make on spending and here are the choices you have to make on taxes, they had a little bit more difficult time in deciding what to do. so they began to realize the extent of the difficulty in cutting any real deal. >> yeah. not belittling the difficulty. these are tough, tough issues. but the stakes are really, really important right now. there is a little wiggle room. >> yeah. >> as far as the president and the democrats are concerned when it comes to raising tax rates for the wealthy. >> sure. the president's been very careful not to say we have to go up to the clinton-era 39.6%. he hasn't used that number. and so he's -- you know -- >> right now it's 35%. >> right now it's 35%. so if you look in the middle, okay, 37% is a real possibility. but here's the caveat. john boehner, the house speaker, cannot tak
you understand there was a huge gender gap for democrats in this last elections. republicans have to look at that and say, okay, we have to get something done. but let me add this. when peter hart actually laid out on the table here are the choices you have to make on spending and here are the choices you have to make on taxes, they had a little bit more difficult time in deciding what to do. so they began to realize the extent of the difficulty in cutting any real deal. >> yeah. not...
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house chief of staff on how to stay off the fiscal cliff and what the party should learn from the last election. >>> next, when the u.s. aimed high in the 1960s, we sent a man to the moon w the same effort, we can now cure cancer, that's what the head of the largest cancer center in the word, m.d. anderson says. >>> and america has lost it's number one standing in lotts of areas, from competitiveness to education, the new number one in most cases a scandinavian country, what is the credit sauce? we'll dig into it. but first here's my take. as we debate whether the two parties can ever come together and get things done, here is something president obama could do probably by himself that would be a single accomplishment of his presidency, end the war on terror. for the first time since 9/11, an administration official has raised this prospect. said in a speech to the oxford union last week, that as the battle against al qaeda continues, there will be come a tipping point as so many of the leaders and operatives of al qaeda have killed or captures such as al qaeda as we know it has been effectivel
house chief of staff on how to stay off the fiscal cliff and what the party should learn from the last election. >>> next, when the u.s. aimed high in the 1960s, we sent a man to the moon w the same effort, we can now cure cancer, that's what the head of the largest cancer center in the word, m.d. anderson says. >>> and america has lost it's number one standing in lotts of areas, from competitiveness to education, the new number one in most cases a scandinavian country, what...
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engage in policies that damage everyone's wellbeing over the long term looking out for their own re-election prospects. >> wait, wait. >> they're really political rather than looking out for the long-term interests of the citizens, their states and also the country as a whole. >> last i checked -- >> beforehand rather than subsidize development and dangerous areas and that's moral hazard and that's something that's bringing the country to the knees economically. >> last i checked you look out for yourself. >> that's public servants are supposed to do, roland. >> no. in new york, you are concerned about new york and not california. you focus on where you are. that's the reality. >> all right. we are going to hit pause there. please let us know what you think about that conversation on twitter and facebook page. >>> next, when's a bigger insult? being called, you know, lame duck congress or new york jet? ts to test the 2.0-liter turbo engine. [ engine revs ] ♪ [ derek ] 272 horsepower. the lightest in its class. the cadillac ats outmatches the bmw 3 series. i cannot believe i have ended the
engage in policies that damage everyone's wellbeing over the long term looking out for their own re-election prospects. >> wait, wait. >> they're really political rather than looking out for the long-term interests of the citizens, their states and also the country as a whole. >> last i checked -- >> beforehand rather than subsidize development and dangerous areas and that's moral hazard and that's something that's bringing the country to the knees economically. >>...
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and i think you saw that in the election. i don't think that is their intent. i think their intent is quite sound. >> they are becoming the party of rich white older men. you can't think of any other section of the community right now thinking the republican party is for me. >> i think that is why the politics of this make it possible to go over the cliff. i think the democrats see if we go over the cliff the republicans get blamed. meanwhile. i think the republicans worry about bei ining blamed by a pri contender with the field. that doesn't mean they are obliged to stop this. his own party is slit. you are seeing groups coming out saying i'm prepared to go for a few more taxes. >> from both sides. on this, not exactly. this is one of the things that interested me. there is a lot of people in the republican party, in the senate who have said look, $250,000 is not a rich man, but it is not a rich person in new york city or loss ang. and the rates, which they want to go from 35 to 39.6%. maybe you are going to have to raise the threshold to get a deal. maybe you
and i think you saw that in the election. i don't think that is their intent. i think their intent is quite sound. >> they are becoming the party of rich white older men. you can't think of any other section of the community right now thinking the republican party is for me. >> i think that is why the politics of this make it possible to go over the cliff. i think the democrats see if we go over the cliff the republicans get blamed. meanwhile. i think the republicans worry about bei...
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he could be concerned about every citizen in the state that he was elected to serve. his job -- those are his constituents and that's his job. >> look, i see where you come from. we have to think about this in a broader sense. if every state is looking out for itself, there's going to free ride. they're going to engage in policies that damage everyone's well-being over the long term by looking out for their own re-election prospects. these guys are being political rather than looking out for the long-term interests of their citizens, their states and also the country as a whole. rather than sub sid dies development in really dangerous areas. that's called moral hazard, and that's something that's really bringing the country to its knees economically. >> last i checked, you look out for yourself. you might say that's not a great idea, if you're in new york -- actually, no, if you're in new york you're concerned about new york and not about california. you focus on where you are. that's a reality. >> all right. thanks very much to both of us. please let us know what you
he could be concerned about every citizen in the state that he was elected to serve. his job -- those are his constituents and that's his job. >> look, i see where you come from. we have to think about this in a broader sense. if every state is looking out for itself, there's going to free ride. they're going to engage in policies that damage everyone's well-being over the long term by looking out for their own re-election prospects. these guys are being political rather than looking out...
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>> i thought the election was going to be closer than it ended up being. i thought looking at it from the outside that the republicans had a decent chance of winning. i think the two most important things that happen thad defeated that were the very divisive primary we had to endure before with 22 debates and a period between the end of the primary season and the beginning of the general election where the democrats were able to paint governor romney as something that he really isn't in my view and the republicans' side of the screen were silent because they had to wait till they got their general election money. and then the ground game. i think the democratic campaign had a probably very far superior campaign to the ground campaign. there's something that this election campaign tells us that needs to be done for my party, for us as a party. i think it's really important that we be seen to be the party of hope, optimism, and opportunity. that's what ronald reagan taught us, instead of gloom and doom. we need to be positive. we need to appeal to those vote
>> i thought the election was going to be closer than it ended up being. i thought looking at it from the outside that the republicans had a decent chance of winning. i think the two most important things that happen thad defeated that were the very divisive primary we had to endure before with 22 debates and a period between the end of the primary season and the beginning of the general election where the democrats were able to paint governor romney as something that he really isn't in...
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today in cairo the most violent street fighting since the election of egypt's mohammed morsi. the army called in the tanks when the protesters got close to the presidential palace. soldiers and armored vehicles shut down a demonstration by both supporters and opponents of the president. they left behind piles of rubble, burning cars, month sense of stability as a major nationwide vote gets one day closer. president morsi said a few hours ago he is going to address the egyptian people. he has not yet, but when that happens, we're going to bring that to you live. >>> nerve agents locked and loaded ready to be used against a syrian people. now, that scenario now a reality. that is according to nbc news. now, it says that syria's military has loaded the component chemicals for the deadly nerve gas into aerial bombs that could be dropped from their fighter jets. i want to bring in paula gorani about this because you have a different take on this. i know there's a lot of breath held. you say that they're not necessarily on that path. >> i believe that there's analysis that is very c
today in cairo the most violent street fighting since the election of egypt's mohammed morsi. the army called in the tanks when the protesters got close to the presidential palace. soldiers and armored vehicles shut down a demonstration by both supporters and opponents of the president. they left behind piles of rubble, burning cars, month sense of stability as a major nationwide vote gets one day closer. president morsi said a few hours ago he is going to address the egyptian people. he has...
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they're going to help determine future elections. i think paul ryan and marco rubio, they're trying to rebrand themselves and recast the republican party as a party of diversity and perhaps big ideas and a larger goal post. but i want to say this because i have to say this as vice chair of the party. as you know, the democratic party has a large and broad and deep base including vice president biden, who's done a terrific job in his capacity as the second in command, but also, we have governors. a lot of diversity. duval patrick and we can all look as governor cuomo, you have elizabeth warren that might be considered presidential. so i don't want to throw all our eggs in one basket because there are so many wonderful people. martin o'malley, for example, the governor of colorado. like the republicans, this will be a large field of candidates, but there's fo question if secretary of state hillary clinton decided to throw her gloves into the race, game on. >> she got a lot of competition. >> david frum, you think the republican party's
they're going to help determine future elections. i think paul ryan and marco rubio, they're trying to rebrand themselves and recast the republican party as a party of diversity and perhaps big ideas and a larger goal post. but i want to say this because i have to say this as vice chair of the party. as you know, the democratic party has a large and broad and deep base including vice president biden, who's done a terrific job in his capacity as the second in command, but also, we have...
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i mean i won the election. i had the leverage, why give in? well, simply put, i felt sorry for this man. early this week, i found my way into the congressional cafeteria, and what do i see? john boehner, sitting by himself. all alone. not a single member of his party willing to share his company. he didn't even have any milk to drink because, well, tell them why, john? >> they had taken my milk and thrown it in the garbage. >> these are supposed to be his friends and colleges. tell them what your so called friends did to your office desk? >> it was a rubber snake. >> a rubber snake. and did it scare you? >> it did. >> i was so heart broken to hear this, i said look, how about this, john. if you agree to a 1% raise on the top two americans, just two people, i will dissolve social security -- dissolve it. so we took it to the republicans, and congress, and what do they do? >> they invited me to a pizza party. >> and when you got there? >> it was a burned out warehouse. >> did you go inside? >> yes. >> and was there any pizza? >> no. >> and then
i mean i won the election. i had the leverage, why give in? well, simply put, i felt sorry for this man. early this week, i found my way into the congressional cafeteria, and what do i see? john boehner, sitting by himself. all alone. not a single member of his party willing to share his company. he didn't even have any milk to drink because, well, tell them why, john? >> they had taken my milk and thrown it in the garbage. >> these are supposed to be his friends and colleges. tell...
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it will not be a 57/30 election. >> it always tightens. i'm curious about the other side since you're talking about 2008. marco rubio and paul ryan both spoke at this dinner and they were -- these were speeches where they're trying to define themselves as who they are. both probably going to run in 2016. how would a rubio/ryan stack up against a hillary clinton? in a sense it sort of feels like 2008 reversed, right, except for experience would come on the democratic side with hillary and the youth and this sort of idealism might perhaps come from a rubio or ryan on the republican side? >> well, if i look at that poll you were referring to, hillary clinton is the overwhelming favorite among young people, especially young women. young people and young women, clearly they're going to help determine future elections. look, i think paul ryan and marco rubio, are trying to rebrand themselves and recast the republican party as a party of diversity and, perhaps, big ideas and a larger goalpost. i want to also say this because i have to say this as
it will not be a 57/30 election. >> it always tightens. i'm curious about the other side since you're talking about 2008. marco rubio and paul ryan both spoke at this dinner and they were -- these were speeches where they're trying to define themselves as who they are. both probably going to run in 2016. how would a rubio/ryan stack up against a hillary clinton? in a sense it sort of feels like 2008 reversed, right, except for experience would come on the democratic side with hillary and...
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this is impressive given by the uncertainty of the presidential election. businesses are holding firm in their hiring and firing decisions. another unusual factor in the numbers, the layoffs and strikes at hostess. those could also affect the numbers. hostess filed for bankruptcy last month. i want to bring you up to speed on facebook moving on up. the social network will be listed oven the nasdaq 100. it could be added to the s&p 500 soon. the shares were down nearly 30% since that much-hyped ipo. market value is about $60 billion. it would rank monothe top 50 largest companies on the index. one strategist says the move is eminent. >>> we're following breaking news. an earthquake rattles tokyo and there are injuries reported. >>> hold up, an escalator goes out of control with shoppers aboard sending them flying. many of my patients still clean their dentures with toothpaste. but they have to use special care in keeping the denture clean. dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can m
this is impressive given by the uncertainty of the presidential election. businesses are holding firm in their hiring and firing decisions. another unusual factor in the numbers, the layoffs and strikes at hostess. those could also affect the numbers. hostess filed for bankruptcy last month. i want to bring you up to speed on facebook moving on up. the social network will be listed oven the nasdaq 100. it could be added to the s&p 500 soon. the shares were down nearly 30% since that...
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washington voters approved it last month's election so let me throw this at you. there's ground rules here. you have to be over the age of 21. you can have up to an ounce in your possession. no more. and despite seattle's overnight smoke fest, you are not supposed to light up a joint in public. here's a big catch. you still have to go underground to get it. growing and selling pot illegal. at least for now they are. miguel marquez has the story in seattle. miguel? >> reporter: brooke, for pot smokers here in washington state, it is a day for celebration and partying. the legalization of pot. but proponents of this initiative say this is only the first step. this is what you assume the stores will look like? >> yeah. our stores are going to have the feel of a fine cigar shop. >> reporter: jaman was at microsoft and preparing to open as many as two dozen high end marijuana shops in washington and colorado. yesterday he'd be called a drug dealer. today, an entrepreneur. >> our target market is baby boomers. folks tried it in college a couple times, maybe they didn't
washington voters approved it last month's election so let me throw this at you. there's ground rules here. you have to be over the age of 21. you can have up to an ounce in your possession. no more. and despite seattle's overnight smoke fest, you are not supposed to light up a joint in public. here's a big catch. you still have to go underground to get it. growing and selling pot illegal. at least for now they are. miguel marquez has the story in seattle. miguel? >> reporter: brooke, for...
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and when they signal -- sort of like the pope being elected. when the white smoke comes out of the capitol, we can come back and execute the deal. >> wow, i don't know how i feel about the whole pope reference, talking about congress. >> that's better than being sentenced to church, i guess. >> i suppose that is true. and, in fact, that's going to be our next story. steve latourette, always nice to have you. when you're in new york, we would love to have you come and sit down with us on our panel. >> would love to. >>> drunk driver, instead of being sentenced to prison, is sentenced to time in church. not sure how i feel about that. >> love it. >> you do? ♪ presence of the lord is here >> we'll talk about that. back in a moment. too easily? time to deploy the boring-potato chip decoy bag. then no one will want to steal the deliciousness. [ male announcer ] with a variety of tastes and textures, only chex mix is a bag of interesting. [ male announcer ] with a variety of tastes and textures, why they have a raise your rate cd. tonight our guest
and when they signal -- sort of like the pope being elected. when the white smoke comes out of the capitol, we can come back and execute the deal. >> wow, i don't know how i feel about the whole pope reference, talking about congress. >> that's better than being sentenced to church, i guess. >> i suppose that is true. and, in fact, that's going to be our next story. steve latourette, always nice to have you. when you're in new york, we would love to have you come and sit down...
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but what is the evidence in the last four years or even since the election that mr. obama won't pocket that victory and then refuse to offer any but token changes on entitlements." >> that's a reversal of what they wrote a few weeks ago where republicans will take the victory in keeping them from going up. >> but if you take this deal now -- that's been the hesitation. the problem is you have no leverage. if you take the deal now, you really lose everything in being able to negotiate about spending cuts, right? >> well, i think that a deal is to be made that would benefit the people if it were done earlier. and the incentive is knowing that the scenario that the "the wall street journal" put forth could take place. we need a discussion right now, and we need to have a discussion where we could have sensible solutions with regard to the safe any net programs as well as the tax cuts. >> what's on the table for the democrats? >> i think what judy is saying is very true. we're going to get to this point anyway. it's just a question of when and how much damage will be don
but what is the evidence in the last four years or even since the election that mr. obama won't pocket that victory and then refuse to offer any but token changes on entitlements." >> that's a reversal of what they wrote a few weeks ago where republicans will take the victory in keeping them from going up. >> but if you take this deal now -- that's been the hesitation. the problem is you have no leverage. if you take the deal now, you really lose everything in being able to...
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. >>> well, in one corner, the man who lost the presidential election and the other, the man who got knocked out this weekend. the behind the scenes fight night meeting between mitt romney and manny pacquiao. that's next. stay with us. santa! want to see some magic? watch this! merry chr... (crash) ow! i landed on my keys. did you get that? oh yeah. that was amazing. here you go. that was a fun trick! see? santa's okay. walk it off santa. share videos instantly with s-beam. on the galaxy siii and note ii. for a limited time get two flip covers for the price of one. exclusively at verizon. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? i have obligations. cute tobligations,
. >>> well, in one corner, the man who lost the presidential election and the other, the man who got knocked out this weekend. the behind the scenes fight night meeting between mitt romney and manny pacquiao. that's next. stay with us. santa! want to see some magic? watch this! merry chr... (crash) ow! i landed on my keys. did you get that? oh yeah. that was amazing. here you go. that was a fun trick! see? santa's okay. walk it off santa. share videos instantly with s-beam. on the...
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he came out of the election, he says that he ran on this issue of raising tax rates on wealthy. he believes he is very much the leverage in this negotiation and so you don't see him budging. republicans see the little levers that they have in the debt ceiling fight. these are two separate issues but they're all coming together at the same time. welcome to washington. everything kind of comes together all at the same time unfortunately. the debt ceiling if it is not part of any agreement, regarding the fiscal cliff to avert the fiscal cliff they will need to take up this question of raising the debt ceiling come likely early next year. republicans see that the question of raising the debt creeling is where they have leverage in this negotiation. the president and democrats do not want the debt ceiling to be kind of -- raising the debt ceiling to be part of this negotiation. they do not want this on their plate come early next year. it all comes down to leverage. democrats see that they have the leverage here because look at most recent polls today. if you look at this week, if yo
he came out of the election, he says that he ran on this issue of raising tax rates on wealthy. he believes he is very much the leverage in this negotiation and so you don't see him budging. republicans see the little levers that they have in the debt ceiling fight. these are two separate issues but they're all coming together at the same time. welcome to washington. everything kind of comes together all at the same time unfortunately. the debt ceiling if it is not part of any agreement,...
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last sunday, they held parliamentary elections. a majority of the winners campaigned on a platform of secession. the vote follows an unprecedented demonstration in september when about one million catalons marched the streets demanding statehood. to put it in perspective, the entire population is only about 7.5 million. the next step could be a public referendum on breaking away. consider scotland which has already reached that point. in october british prime minister david cameron agreed to a deal allowing scotts to vote in 2014 as to whether they want to secede. then there's the strange case of belgium. the people speech dutch in the northern region. in the southern region they speech french. the people elected a set of local leaders who want to break away from belgium. why are break away parties gaining so much momentum? it's the economy at heart. according to leading daily only 57% of national taxes paid by catalon is returned. the rest is filtered to spain's poorer regions. scots also have an eye on england, even though they'r
last sunday, they held parliamentary elections. a majority of the winners campaigned on a platform of secession. the vote follows an unprecedented demonstration in september when about one million catalons marched the streets demanding statehood. to put it in perspective, the entire population is only about 7.5 million. the next step could be a public referendum on breaking away. consider scotland which has already reached that point. in october british prime minister david cameron agreed to a...
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that's the ticket for admission because the president won the election and campaigned on that. the democrats are going to have to agree. they'll use euphemisms, but agree to cutting medicare and medicaid. and by the way, that means cutting for seniors and poor people and special needs kids. that is not an easy thing to ask anybody to do, let alone the democratic party. which really created these programs. this is going to be awful and gruesome, but 70 for 60 in your poll, 60% of americans want to raise taxes on well off americans. 70% don't want to cut or 80, don't want to cut medicare or medicaid, so the hard stuff is coming. this is the easy stuff. we can't even get the republicans to agree to that. >> we're out of time guys, nice to talk to you as always. i appreciate it. >>> next, violent clashes along the turkey, syria border and a new heir to the british throne is on the way. our piers morgan will explain the fuss. that's coming up next. >>> we're back with tonight's designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men'
that's the ticket for admission because the president won the election and campaigned on that. the democrats are going to have to agree. they'll use euphemisms, but agree to cutting medicare and medicaid. and by the way, that means cutting for seniors and poor people and special needs kids. that is not an easy thing to ask anybody to do, let alone the democratic party. which really created these programs. this is going to be awful and gruesome, but 70 for 60 in your poll, 60% of americans want...
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, meaning the president, and re-elected us. that's not a mandate to raise taxes. it's a mandate to work together. >> mandate to work together which means they may not go on their break which is expected. i heard the speaker tell you that he's going to tell you as well. quickly, dana, he's going to stay regardless of whether they go on break, right? >> reporter: right. and the question was the house of representatives is going to finish their work this week in about 45 minutes and it's only wednesday. >> right. >> reporter: they are going to go home. they are not going to be in session on thursday or friday. i asked the speaker whether that is got optics for the house to leave town while the fiscal cliff is so close in front of us and that is the answer, that he will be in town, ready, willing, and able to talk to the president at any time. so that was really the issue. the house republican leadership, i tell you, they say they simply don't have any legislation to put on the floor. that's why they are play sending their members
, meaning the president, and re-elected us. that's not a mandate to raise taxes. it's a mandate to work together. >> mandate to work together which means they may not go on their break which is expected. i heard the speaker tell you that he's going to tell you as well. quickly, dana, he's going to stay regardless of whether they go on break, right? >> reporter: right. and the question was the house of representatives is going to finish their work this week in about 45 minutes and...
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. >> how much of this has been affected by the fact that for the first time in this last election you have people going to the polls and actually voting to allow same-sex marriage as opposed to it coming from judges or legislators? >> i don't think justices sort of said the polls did "x" so i will do "y." in 1986, louis powell, the swing justice of his day, they had the first real gay rights case, and he said to his law clerk, you know, as they were sort of weighing the case, you know, i've never met a gay person. i've never met a homosexual. what is that like? now, he didn't know that law clerk himself was homosexual, but that was what the world was like in 1986, that a worldly, intelligent man could have thought that he'd never met someone who was gay. now, even the conservatives on the court couldn't possibly express a sentiment like that. and that's just reflected in how the court acts. >> what do you think -- are is there any way to read the tea leaves on this? >> based on my experience in the health care case, i am going to not do a lot of predictions because, you know, wrong is
. >> how much of this has been affected by the fact that for the first time in this last election you have people going to the polls and actually voting to allow same-sex marriage as opposed to it coming from judges or legislators? >> i don't think justices sort of said the polls did "x" so i will do "y." in 1986, louis powell, the swing justice of his day, they had the first real gay rights case, and he said to his law clerk, you know, as they were sort of...
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to cut crime or save an election? what we do know is the money was spread out on chicago's south and southwest sides. the idea? get communities involved to stop the violence. >> nri! nri! >> how? on this chilly afternoon teenagers across chicago's south side are paid to hand out flyers, and spread a message of nonviolence. the nri is credited with creating about 3,500 temporary jobs, mentoring youth and parents, providing re-entry services and counseling in schools, but our four-month investigation found the jobs not only included handing out those flyers, but also attending yoga class, taking museum field trips, even marching with the governor in a parade. the jobs are now gone. cnn has taken an extensive look at where the money went, what it did, and most importantly, the timing of how the program was rolled out. the neighborhood recovery initiative began sending money to tough neighborhoods in the city of chicago right before chicago voters went to the polls. according to these minutes from a state meeting, a membe
to cut crime or save an election? what we do know is the money was spread out on chicago's south and southwest sides. the idea? get communities involved to stop the violence. >> nri! nri! >> how? on this chilly afternoon teenagers across chicago's south side are paid to hand out flyers, and spread a message of nonviolence. the nri is credited with creating about 3,500 temporary jobs, mentoring youth and parents, providing re-entry services and counseling in schools, but our...
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now they know the results of the election. but their positions sure haven't changed much. >> john, thanks very much. >>> a royal celebration tempered by a health scare. prince william's wife pregnant and now in the hospital. we'll have details of her condition. and when you switch from another company to us, we even reward you for the time you spent there. genius. yeah, genius. you guys must have your own loyalty program, right? well, we have something. show her, tom. huh? you should see november! oh, yeah? giving you more. now that's progressive. call or click today. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. trying to find a better job
now they know the results of the election. but their positions sure haven't changed much. >> john, thanks very much. >>> a royal celebration tempered by a health scare. prince william's wife pregnant and now in the hospital. we'll have details of her condition. and when you switch from another company to us, we even reward you for the time you spent there. genius. yeah, genius. you guys must have your own loyalty program, right? well, we have something. show her, tom. huh? you...
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she noted that the 2012 election had just ended. she didn't rule out the possibility of a senate run in the future. let's see if she's interested. >> that's absolutely right. >>> "erin burnett outfront" starts at the top of the hour. erin, we hear you've arranged quite the debate over whether republicans should compromise on taxes. give us a preview. >> we are going to have both sides of that. grover norquist, of course, already our guest. he's going to say, we shouldn't have tax increases in this country no matter what, no matter how, no way. then we'll have republican tom cole on, who broke ranks with the republican party, who says, let's extend the bush tax cuts for people making under $250,000 a year and do the rest of it later. something sort of like what the president had put forth. so both of those sides tonight. and then we'll talk about the movie "zero dark 30," already getting oscar buzz, about the raid and capture of osama bin laden. there was all of this concern about whether there was classified information that was lin
she noted that the 2012 election had just ended. she didn't rule out the possibility of a senate run in the future. let's see if she's interested. >> that's absolutely right. >>> "erin burnett outfront" starts at the top of the hour. erin, we hear you've arranged quite the debate over whether republicans should compromise on taxes. give us a preview. >> we are going to have both sides of that. grover norquist, of course, already our guest. he's going to say, we...
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there has been an election. but it does reprise a lot of the arguments from the negotiations between the president and john boehner in the summer of 2011. it's not something that really should be laughed off the page. i mean, the most difficult thing for republicans is accepting an increase in the top rate for the top earners in the tax rate which they don't want to do in this proposal but which they don't ever have to vote for in order to have it happen. i think somehow that will be a key element. >> it's a bad thing that the white house immediately dismissed -- i mean it couldn't have been three hours, four hours maybe. >> i think the president has decided to take a very different approach than he did in 2011. he's not going to put on the table what he thinks the final deal is. he's going to say no, he's going to negotiate it a tough way. the proposal and i hope ron is right and i kind of thing that in the end, as with t.a.r.p. in 2008, when everybody rebelled, and then the markets crashed they got to the righ
there has been an election. but it does reprise a lot of the arguments from the negotiations between the president and john boehner in the summer of 2011. it's not something that really should be laughed off the page. i mean, the most difficult thing for republicans is accepting an increase in the top rate for the top earners in the tax rate which they don't want to do in this proposal but which they don't ever have to vote for in order to have it happen. i think somehow that will be a key...